Cost management: CIMB is a stock loved by investors for its liquidity, but they are also quick to punish it at the slightest hint of bearish sentiment.
MarketWrap: Major US stock indexes ended near session lows on Tuesday as traders shied away from risky assets ahead of major political and economic headlines expected on Thursday. Britain's general election as it maps its exit from the European Union, the European Central Bank's policy meeting and former FBI director James Comey's testimony before a Senate panel could all affect investor sentiment. The DJIA fell fell 47.81 points, or 0.23%, to 21,136.23, the S&P 500 lost 6.77 points, or 0.28%, to 2,429.33 and the Nasdaq dropped 20.63 points, or 0.33%, to 6,275.06. - Reuters
Energy
Oil prices edged up on Tuesday, finding technical support after sliding below US$47 a barrel on pressure from a diplomatic rift in the Middle East and sustained high crude inventories in the United States. Benchmark Brent crude oil LCOc1 rose 65 cents a barrel to US$50.12. - Reuters
Forex summary
*The ringgit gained 0.05% to 4.2648 versus the US$
*It lost 0.11% to 4.8055 versus euro
*Up 0.19% to 5.5028 per pound sterling
*Down 0.03% to 3.0907 per Singapore dollar
*Down 0.72% to 3.2150 per Aussie
*Up 0.14% to 3.8948 per 100 yen
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